Who is the real estate developer for the project?
Emerlad Tower project is a residential project which is considered as one of the latest projects of Egyptians for Housing, Development and Construction Company, Egyptian Joint Stock Company established under a decision by the ministry of economy and foreign trade no. 147 of 1986 per the provisions of law of investment no. 43 of 1774 for working in the field of real estate development and investment. It is on 19/01/1993, the investment authority accepted to turn the company to work as per the provisions of law no. 159 of 1981.
The company is working in the field of real estate development and investment with a purpose of purchasing, selling and divining plots of lands or building upon it and establishing its necessary facilities as well as having projects of urban expansion and new cities. Emerlad Tower project is considered as a modern result of successful projects continued over more than 20 years; as the company established many residential, commercial and administrative projects, such as: Al Mobtadain building, Emerald Park, Twin Plaza, Stone Park and many of the huge projects.
Details about Emerald Tower
Emerald Tower project in Cornish Maadi is the first residential tower with hotel specifications in Greater Cairo. It is located directly in Cornish Maadi and is considered as the first residential model of its kind in Cairo as it will boost the idea of the real estate investment that it makes the customer take the advantage of his residential unit every once in a while, to make a guaranteed money return.
Emerald Tower project is considered as one of the classiest real estate residential projects in Cairo; it has the features of both luxury and modern style with elegancy in its façade, freedom, privacy and calmness inside.
The project is divided into 860 residential unit distributed to 20 floors with different areas. All units are characterized by being fully finished at the highest level. The building contains two separated serving floors.
Emerald Tower location
Emerald Tower project is located at Maadi entrance 1 near Al Sadat Academy. Cornish Nile is in front of the tower and Hussein Sedki square and Hussein Mosque are its back side.
Features and services of Emerlad residential hotel Tower
Emerlad residential hotel Tower is characterized by having a high-level residence as the tower is subjected to high-level supervision and hotel specifications. It is considered as the first residential project of its kind in Egypt. Emerlad residential hotel Tower contains two serving floors that have:
- Gym
- Hotel
- Banks
- Laundry
- Restaurants
- Cafes
- Heath club
- Swimming pool
- Meeting rooms
- Luxurious receptions
- Business centres
- 3 floors for garages
Areas of the project units
The total area of the project is: 6400 meters
the areas of the units of Emerald Tower range from 80 to 250 square meters
Methods of Payment
The company provides more than one system for repayment so as the customer has the option to choose what suitable for him as follows:
Firstly: immediate payment
In case of purchasing a unit cash, the customer will get a discount of 10%
In case of purchasing two units, the customer will get a discount of 10% upon the first unit and 15% upon the second unit
Secondly: System of installment
50% in advance and the remaining 50% shall be installed upon 10 years with a fixed interest of 7% per year.
25% in advance and the remaining 20% shall be installed upon the first two years with no interests and then, the remaining 50% shall be upon 10 years with a fixed interest of 7% annually.
Units’ prices in Emerald residential tower
The price of the one square meter in Emerlad Tower ranges from EGP 5,000 and EGP 5,700
To be delivered after 3 years.
*The prices mentioned in this article are for the last quarter of 2018 and subject to change, make sure to check Aqarmap’s Prices Guide for latest updates.
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